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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:16 EDTEW, MDTEdwards, Medtronic agree to global transcatheter valve litigation settlement
Edwards Lifesciences (EW) announced that the company has reached an agreement with Medtronic (MDT) to settle all outstanding patent litigation between the companies, including cases related to transcatheter heart valves. The agreement will result in the dismissal of all pending cases or appeals in courts and patent offices worldwide, and includes a provision that the parties will not litigate patent disputes with each other in the field of transcatheter valves for the eight-year duration of the agreement. Under the terms of a patent cross-license agreement that is part of the settlement, Medtronic will make a one-time payment to Edwards of $750M. Additionally, Medtronic will pay Edwards quarterly license royalty payments through April 2022. These payments will be based on a percentage of Medtronic CoreValve sales, subject to a minimum annual payment of $40M. Edwards will contribute $50M from the settlement to the Edwards Lifesciences Foundation to support efforts to improve patient care, raise disease awareness and educate clinicians, such as through its Every Heartbeat Matters philanthropic program.
News For EW;MDT From The Last 14 Days
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January 30, 2015
06:45 EDTMDTSome suggest doctors could be using stents too often, NY Times reports
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January 27, 2015
08:42 EDTMDTMedtronic coverage resumed with a Buy at Goldman
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January 26, 2015
17:06 EDTMDTMedtronic completes acquisition of Covidien for $49.9B
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08:34 EDTEWEdwards Lifesciences should be bought on strong TAVR data, says Wells Fargo
Wells Fargo commends buying shares of Edwards Lifesciences after the firm viewed the most recent Transcatheter Valve Therapies registry update and estimated that the TAVR market may have grown 20% sequentially last quarter, versus its previous estimate of 1% sequential growth. The firm keeps an Outperform rating on Edwards.
07:17 EDTMDT, EWSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTMDTMedtronic pending acquisition of Covidien approved by Irish High Court
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January 23, 2015
16:33 EDTMDTMedtronic reports 5.1% passive stake in Intersect ENT
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15:46 EDTMDTPiper Jaffray's medtech analysts hold an analyst/industry conference call
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08:36 EDTMDTMedtronic receives FDA approval for for the Medtronic Enterra II System
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January 21, 2015
18:06 EDTMDTS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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